Mountain Road Convertible Bond | New Debt Analysis

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Convertible bond name: Mountain Road Convertible Bond

Application time: March 24th

Cash payment date: March 28th

Company fundamentals:

Mountain Road Bridge's main business is road and bridge construction and maintenance.

The company's compound growth rate of revenue over the past three years was 55.53%, and its net profit growth rate was 47.03%. The company has excellent revenue growth and net profit growth.

Analysis: The stock price is at a low point, with a year-on-year increase in net profit of 16.13% in the third quarter last year. The company is positioned in the mid-stream industry, with relatively low attention from investors, indicating average investment value.

Convertible bond features

Bond scale: 48.36 billion yuan

Bond rating: AA+

Conversion value: 99.27 yuan

Expected premium rate on the first trading day: around 14%

Analysis: The bond scale is large, the rating is good, and the conversion value is average. Currently, the premium rate is relatively low, with a reference to the previously listed East Lake Convertible Bond, expecting Mountain Road Convertible Bond's listing price to be around 113 yuan.

This article was first published on WeChat public account: Chicken Finance. The content is the author's personal opinion and does not represent the stance of Hexun.com. Investors should operate based on this information at their own risk.